Q1 2024 Total Revenue

-6% " " "

Total revenue declined by 6% as decreases in Mortgage Suite revenue (-15% from $17.8M to $15.1M " " " ) and Title revenue (-12% from $12.6M to $11.1M " " " ) outweighed gains from Consumer Banking (+29% " " " ) and Professional Services (+21% " " " ).

Q1 2024 Mortgage Suite

-15% " " "

Mortgage Suite revenue dropped by 15% due to lower mortgage transaction volumes in a challenging market environment compared to the previous period, which significantly impacted overall revenue.

Q1 2024 Consumer Banking Suite

+29% " " "

Consumer Banking Suite revenue increased by 29% driven by expanded deployments and greater adoption of the full suite of solutions, partially offsetting declines in other segments.

Q1 2024 Title Revenue

-12% " " "

Title revenue fell by 12% because of reduced title order volumes, contributing to the overall revenue decline in Q1 2024.

Q1 2024 Gross Margin

Improved from 42% to 52% "

Gross margins improved significantly due to operational efficiencies and a favorable mix with higher-margin solutions like Consumer Banking Suite, which helped offset the volume declines seen in mortgage and title revenues.

Q1 2025 Total Revenue

+12% "

Total revenue increased by 12% (an addition of $2.9M) as strong performance in Consumer Banking Suite (+45% " " " ) and Professional Services (+19% " ) more than compensated for a minor decline in Mortgage Suite revenue (-3% " " " " ).

Q1 2025 Consumer Banking Suite

+45% " " "

Consumer Banking Suite revenue surged by 45% fueled by higher home equity and deposit account openings along with improved attach rates, building on the momentum seen in Q1 2024.

Q1 2025 Mortgage Suite

-3% " " " "

Mortgage Suite revenue experienced a slight 3% decline due to marginally lower transaction volumes, a less severe downturn than in Q1 2024.

Q1 2025 Platform Revenue

+12% to $26.8M "

Platform revenue grew by 12%, reaching $26.8M, reflecting sustained expansion driven by a robust product mix, new deal momentum, and strategic focus that builds on prior period improvements.

Q1 2025 Gross Margin

Improved from 68% to 73% non-GAAP " "

Non-GAAP gross margins improved to 73% from 68% thanks to better cost management and a strategic shift to a partner-first model, highlighting continued operational enhancements compared to the previous period.

Q1 2025 Operating Expenses

Decreased by $9M year-over-year " " "

Operating expenses were significantly reduced, with non-GAAP costs for R&D, Sales & Marketing, and G&A dropping substantially as part of focused cost-control measures, extending the efficiency trends seen in earlier periods.